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Imperial Bank Bond- 15 %
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Boris Boyka
#11 Posted : Tuesday, August 25, 2015 9:54:04 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Speculz wrote:
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?

@Speculz That was my concern Exactly.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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dunkang
#12 Posted : Tuesday, August 25, 2015 10:02:32 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Boris Boyka wrote:
Speculz wrote:
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?

@Speculz That was my concern Exactly.


Any investment is a risk. All we need to do is evaluate the "riskiness" and the "profit" from an investment.

A look at Imperial Bank website reveals the following;

The Board of Directors consists of:
-------- Name (Nationality) --------- Position
Mr. Alnashir Popat (Kenyan) --------- Chairman
Mr. Abdulmalek Janmohamed (Kenyan) -- Group Managing Director
Mr. Anwar Hajee (Kenyan) ------------ Non-Executive
Mr. Jinit Shah (Kenyan) ------------- Non-Executive
Mr. Mukesh Patel (Kenyan) ----------- Non-Executive
Mr. Vishnu Dhutia (Kenyan) ---------- Non-Executive
Mr. Hanif Somji (Kenyan) ------------ Non-Executive

Directors and Managers
Name ------------------- Position
Abdulmalek Janmohamed -- Group Managing Director
Naeem Shah ------------- Head of Credit
Nina Shah -------------- Head of Treasury
James Kaburu ----------- Chief Finance Officer
Sanjeet Shah ----------- Head of Corporate Banking
Kalpesh Jotangia ------- Head of Retail Banking
Anil Shah -------------- Head of Internal Audit
Muthoni Wachira -------- Head of Marketing & Communications
Don Ochola ------------- Head of IT
Ikua Gacheche ---------- Head of Human Resources
Naushad Haleem --------- Head of Operations
Mehbooba Shamji -------- Senior Business Development Manager
Vishvesh Shah ---------- Unit Area Manager – Nairobi
Mustaq Dar ------------- Unit Area Manager – Mombasa and Diani

Correct me if am wrong, but, Janmohamed is in very many boards of listed companies. Alnashir Popat is a serial investor. I can trust these two fellows.
Receive with simplicity everything that happens to you.” ― Rashi

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agile
#13 Posted : Tuesday, August 25, 2015 10:20:38 AM
Rank: New-farer

Joined: 1/9/2015
Posts: 19
Location: NAIROBI
Speculz wrote:
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?

that is why there are event risks involved that you should be cognizant of before jumping in with your 2 feet. 15% is too high and highly unsustainable given its tenor. to me it is a junk bond, but who am i to credit rate it???
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KulaRaha
#14 Posted : Tuesday, August 25, 2015 11:13:39 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
dunkang wrote:
Boris Boyka wrote:
Speculz wrote:
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?

@Speculz That was my concern Exactly.


Any investment is a risk. All we need to do is evaluate the "riskiness" and the "profit" from an investment.

A look at Imperial Bank website reveals the following;

The Board of Directors consists of:
-------- Name (Nationality) --------- Position
Mr. Alnashir Popat (Kenyan) --------- Chairman
Mr. Abdulmalek Janmohamed (Kenyan) -- Group Managing Director
Mr. Anwar Hajee (Kenyan) ------------ Non-Executive
Mr. Jinit Shah (Kenyan) ------------- Non-Executive
Mr. Mukesh Patel (Kenyan) ----------- Non-Executive
Mr. Vishnu Dhutia (Kenyan) ---------- Non-Executive
Mr. Hanif Somji (Kenyan) ------------ Non-Executive

Directors and Managers
Name ------------------- Position
Abdulmalek Janmohamed -- Group Managing Director
Naeem Shah ------------- Head of Credit
Nina Shah -------------- Head of Treasury
James Kaburu ----------- Chief Finance Officer
Sanjeet Shah ----------- Head of Corporate Banking
Kalpesh Jotangia ------- Head of Retail Banking
Anil Shah -------------- Head of Internal Audit
Muthoni Wachira -------- Head of Marketing & Communications
Don Ochola ------------- Head of IT
Ikua Gacheche ---------- Head of Human Resources
Naushad Haleem --------- Head of Operations
Mehbooba Shamji -------- Senior Business Development Manager
Vishvesh Shah ---------- Unit Area Manager – Nairobi
Mustaq Dar ------------- Unit Area Manager – Mombasa and Diani

Correct me if am wrong, but, Janmohamed is in very many boards of listed companies. Alnashir Popat is a serial investor. I can trust these two fellows.


You are wrong. This Janmohamed is not the same as the one who was in Serena et al. This one is CEO and also a shareholder, holding shares via proxy.
Business opportunities are like buses,there's always another one coming
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maka
#15 Posted : Tuesday, August 25, 2015 11:17:57 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
agile wrote:
Speculz wrote:
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?

that is why there are event risks involved that you should be cognizant of before jumping in with your 2 feet. 15% is too high and highly unsustainable given its tenor. to me it is a junk bond, but who am i to credit rate it???


Its not too high...that is where the market is their timing was just wrong.
possunt quia posse videntur
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Pesa Nane
#16 Posted : Friday, August 28, 2015 9:24:04 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Imperial Bank Limited has received approval from the Capital Markets Authority for the offer to the public and listing of fixed rate notes of the the aggregate principal amount of up to Kenya Shillings two billion (KES 2,000,000,000) (the "Notes") on the Fixed Income Securities Market ("FISM") of the Nairobi Securities Exchange Limited.

Key details of the offer of the Notes are indicated below:



Pesa Nane plans to be shilingi when he grows up.
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enyands
#17 Posted : Friday, August 28, 2015 9:41:46 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Pesa Nane wrote:
Quote:
Imperial Bank Limited has received approval from the Capital Markets Authority for the offer to the public and listing of fixed rate notes of the the aggregate principal amount of up to Kenya Shillings two billion (KES 2,000,000,000) (the "Notes") on the Fixed Income Securities Market ("FISM") of the Nairobi Securities Exchange Limited.

Key details of the offer of the Notes are indicated below:





Pesanane if you breakdown all these jugons above if I put one million and chose not to take the 15% interest ,can they replough it so that it can work on compound interest pattern ama it's a simple interest method where you have to take the 15% semi annually
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Pesa Nane
#18 Posted : Friday, August 28, 2015 10:10:00 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
enyands wrote:
Pesa Nane wrote:
Quote:
Imperial Bank Limited has received approval from the Capital Markets Authority for the offer to the public and listing of fixed rate notes of the the aggregate principal amount of up to Kenya Shillings two billion (KES 2,000,000,000) (the "Notes") on the Fixed Income Securities Market ("FISM") of the Nairobi Securities Exchange Limited.

Key details of the offer of the Notes are indicated below:





Pesanane if you breakdown all these jugons above if I put one million and chose not to take the 15% interest ,can they replough it so that it can work on compound interest pattern ama it's a simple interest method where you have to take the 15% semi annually

Bond is a one time loan (as opposed to an account) so simple interest at fixed payment periods.
Example:
Invest Ksh 1,000,000.00
Annual Interest at 15% = Ksh. 150,000.00
Amount payable semi-annually = Ksh. 75,000.00 less 15% (Ksh 11,250.00) WHT if you are not exempt
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#19 Posted : Friday, August 28, 2015 10:15:33 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
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moneydust
#20 Posted : Tuesday, October 13, 2015 10:22:10 AM
Rank: Member

Joined: 1/31/2007
Posts: 304
Speculz wrote:
dunkang wrote:
xtina wrote:
streetwise wrote:
Am getting very interested.

with bonds when does one earn the interest , is it after maturity , does compounding work here ?


My 2 cents.
It should be specified in the Information Memorandum or whatever it is called in the bonds section.

There are those that pay quarterly and those that pay annually.

At the end of the period, in the case of Imperial Bank its 5.25 years, you get your full money back plus the interest accrued between the last payment and the "end" date.

And on compounding, i am yet to see such an arrangement.

If a bank pulled a Dubai bank after issuing a bond , what would happen?

Imperial bank receivership

What did you Know???
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  | | Edit by user: Tuesday, October 13, 2015 10:23 AM | Reason: Not specified
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